The French government has crossed the 90% threshold in EDF's capital and will be able to delist its shares from the Paris stock exchange as part of the plan to renationalize the electricity producer, the Ministry of the Economy announced on Friday.

"On January 19, 2023, the French State crossed the threshold of 90.00% of EDF's capital and theoretical voting rights on a fully diluted basis. As a result, the French State will be in a position, at the end of the offer, to implement the squeeze-out on the EDF shares as soon as it converts the EDF OCEANE (bonds) already in its possession," said Bercy.

Last July, the French government announced the launch of an offer of more than 9.6 billion euros for the 16% of EDF's share capital it did not already own, in order to give the executive free rein to manage the group and complete the vast project to renew France's nuclear fleet.

The offer was

filed

in October at a price of 12 euros per EDF share and 15.52 euros for the existing 2024 "océane" convertible bonds. (Written by Bertrand Boucey, edited by Jean-Stéphane Brosse)